NEW! Buy and sell safely with virtual options - Learn More
About the Listing SNCBC - CH186040019,ch157000973
This is the definition of a "Trophy Investment"! Ridgewood Plaza presents a rare opportunity to acquire a premier, fully leased “government anchored” office investment property in one of Chico’s most established professional business neighborhoods. This immaculate and well-maintained asset offers investors a secure, stabilized income stream with a strong 7.07% Cap rate. Sleep well at night knowing you have an exceptional mix of long-term government and private-sector tenants. The property consists of three quality office buildings totaling approximately 23,525 square feet, situated on beautifully landscaped grounds with 112 on-site parking spaces. Zoned Office Mixed Use (OMU). This mature, stabilized investment is designed to provide dependable returns and peace of mind for ownership. Ridgewood Plaza is surrounded by respected professional businesses and organizations, including Chico Unified School District, Oak Bridge Academy, U.S. Social Security Administration, Morrison & Company, Victor Treatment Centers, Five Star Bank, CalNorthern School of Law, the Internal Revenue Service (IRS), and InterWest Insurance. Property Highlights: Fully leased investment. Strong 7.07% cap rate. Three buildings totaling 23,525± SF. Four diversified tenants. Government and private-sector tenancy. Long-term, stabilized income stream. Office Mixed Use zoning. Beautiful grounds and professional landscaping. 112 on-site parking spaces. Located in Chico’s premier commercial office corridor. Ridgewood Plaza represents a high-quality, secure investment opportunity with strong in-place cash flow, excellent tenant retention, and long-term upside in one of Northern California’s most desirable office markets.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Commercial Sale
MLS ®
SN26137659
Year Built
1985
Total Square Footage
23,525
Lot/Acreage
3.4
County
Butte
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Landscaped,Street Level,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 015020016000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1370 Ridgewood Dr Chico, CA 95973
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
